Bharat Seats Limited (BSL), promoted by Mr Rohit Relan and his family, has a long-standing reputation in the Indian automotive sector. Following the restructuring of the Relan Group, the company’s shareholding is fully owned by Mr Rohit Relan and his family. BSL specialises in manufacturing car seats and moulded floor carpets for Maruti Suzuki India Limited (MSIL), as well as two-wheeler seats for Suzuki Motorcycle India Private Limited (SMIPL).
The company operates five manufacturing facilities across Haryana (Gurgaon, Manesar, and Bhorakalan) and Gujarat (Surendra Nagar and Hansalpur). During the first nine months of FY24 (9MFY24), BSL generated approximately 84% of its revenue from car seat assembly, 5% from motorcycle seat production, and the remainder from other divisions like carpet sets, extrusion components, and frame components. All revenue is derived domestically.
On December 9, 2024, shareholders approved several strategic decisions through a postal ballot:
The bonus shares, derived from free reserves, reflect BSL’s robust financial position. Notable highlights include:
BSL’s stock price rose by 2.5% on December 9, 2024, following the bonus issue announcement as of 2:02 pm.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Dec 9, 2024, 2:15 PM IST
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